Vanguard Group Inc. Buys 919,420 Shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE)

Vanguard Group Inc. boosted its stake in shares of KE Holdings Inc. Sponsored ADR (NYSE:BEKE) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,331,813 shares of the company’s stock after purchasing an additional 919,420 shares during the quarter. Vanguard Group Inc. owned about 2.10% of KE worth $508,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wealthquest Corp acquired a new stake in KE in the first quarter worth about $79,000. XTX Topco Ltd boosted its holdings in KE by 93.7% in the first quarter. XTX Topco Ltd now owns 77,210 shares of the company’s stock worth $1,551,000 after acquiring an additional 37,342 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in KE in the first quarter worth about $1,005,000. Trivest Advisors Ltd acquired a new stake in KE in the first quarter worth about $6,047,000. Finally, Federated Hermes Inc. boosted its holdings in KE by 15.6% in the first quarter. Federated Hermes Inc. now owns 2,903,839 shares of the company’s stock worth $58,338,000 after acquiring an additional 392,273 shares in the last quarter. Institutional investors own 39.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BEKE. JPMorgan Chase & Co. reduced their price objective on KE from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group upgraded KE from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $22.10 to $23.00 in a research note on Friday, May 16th. Citigroup reduced their price objective on KE from $25.80 to $24.80 and set a “buy” rating for the company in a research note on Friday, May 16th. Finally, Wall Street Zen cut KE from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.30.

KE Trading Up 0.3%

Shares of BEKE stock opened at $18.44 on Friday. The stock has a 50 day moving average of $18.49 and a 200 day moving average of $19.52. The stock has a market cap of $21.96 billion, a P/E ratio of 34.79, a P/E/G ratio of 1.37 and a beta of -0.76. KE Holdings Inc. Sponsored ADR has a twelve month low of $13.28 and a twelve month high of $26.05.

KE Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.